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Canada vs Colombia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡¨πŸ‡¦ Canada
vs
πŸ‡¨πŸ‡΄ Colombia
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
15–33%
Federal brackets; new govt may revisit top rates
No change
0–39%
Reform proposals; Petro administration final year
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
5–15%
GST/HST normalized after holiday period
No change
0–19%
19% standard; no major change
No change
Corporate Tax Rate
Corporate Tax Rate
15%
15% federal; Global Minimum Tax active
No change
35%
35% stable; competitiveness concerns vs. regional peers
No change
Capital Gains Tax
Capital Gains Tax
~33.3%
2/3 inclusion rate maintained
No change
15%
15% flat; potential reform for real estate gains
No change
Social Security & Payroll
Social Security / Payroll
~12.3%
CPP contribution rates stabilizing
No change
~30%
Pension reform fully phasing in; new contribution structure
No change
State, Regional & Local Taxes

πŸ‡¨πŸ‡¦ Canada β€” Provincial Income & Sales Taxes

Canada's 10 provinces each levy their own income tax (4%–25.75% top). Combined federal+provincial top rates exceed 50% in Quebec, Nova Scotia, and Ontario. Quebec has its own QPP and QST (9.975%). Alberta has no provincial sales tax. HST replaces GST+PST in Atlantic provinces and Ontario. Property taxes are municipal.

πŸ‡¨πŸ‡΄ Colombia β€” Departmental & Municipal Taxes

Colombia's 32 departments and 1,102 municipalities levy Industria y Comercio (ICA) β€” a gross receipts tax on business activity at 0.2%–1.4% of revenues. Municipalities set property tax (predial) rates within national ranges. The SIMPLE tax regime integrates various taxes for small businesses. BogotΓ‘ and MedellΓ­n have higher ICA rates than smaller cities. Departments levy taxes on alcohol, tobacco, and vehicle registration.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Canada vs Colombia: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡΄ Colombia has a higher top income tax rate (15–33% vs 0–39%). πŸ‡¨πŸ‡¦ Canada is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Colombia has a higher consumption tax (5–15% vs 0–19%).

🏒 Corporate Tax: πŸ‡¨πŸ‡¦ Canada offers a lower corporate rate (15% vs 35%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡¨πŸ‡΄ Colombia taxes investment gains at a lower rate (15% vs 33.3%), benefiting investors.

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